Big Rocks First
Big Rocks First Lots of people have heard of the 80/20 rule, also known as the Pareto Principle. The concept was named by a management consultant named Joseph Juran in 1906, after Vilfredo Pareto. Pareto was an Italian economist who first came across the idea of the 80/20 rule when he noticed that roughly 20% of the pea pods in his garden produced about 80% of the peas. He later observed that 20% of Italy’s land owners owned 80% of the country’s land. Over the years, this rough ratio has been observed in many contexts and has become a rule of thumb. This 80/20 rule […]